| | January 20214EditorialThe banking sector is witnessing a transformation where technological innovation and capital preservation have become fundamental for the survival of every organisation. On one hand, various macro-prudential regulatory efforts and restructuring initiatives have led to resurrection and revival of the sector. On the other hand, the sector is continuously facing challenges due to the launch of digital innovation, and disruptions from within and outside the sector. Spurred by increased awareness among customers and a shift in their expectations, emerging competition from start-ups, and limitations in traditional business models, the banking sector appears to have reached a tipping point. The Indian banking sector is facing conflicting scenarios. While it is gaining strength as one of the fastest-growing large economies of the world, at the same time, it is struggling with multiple challenges related to strength and resilience. These include complex and diverging regulations, legacy systems, disruptive models and technologies, new competitors, and an often-restive customer base with ever-increasing expectations. This appears to be restricting investment and growth in the industry. At present, the rate of technological changes in the banking sector is exponential. Dramatical disruption is expected in all sectors, including financial services, over the next few years. The disruption will primarily be led by greater customer empowerment and technology-driven innovation. Banking is becoming increasingly convenient because of internet, and the future of the banking sector seems to be going increasingly digital. Today's digital age and hyper-connected environment require banks to continuously reimagine their business. Indian banks appear to be making great strides in the arena of digital transformation. In the technology arena, the promise of exponential technologies seems more real than ever. Although enthusiasm for blockchain is tapering off globally, the industry still continues to move towards a blockchain-enabled future. However, the energy might now lie with artificial intelligence (AI) and cloud as they are already transforming many aspects of banking in significant ways. Do let us know what you think.Emmanuel Christi DasManaging Editoreditor@cioreviewindia.comA Promising 2021 for the Banking SectorVOL 9 · ISSUE 1 - 1 · JANUARY - 2021 PublisherOffice Editorial queries editor@cioreviewindia.com To subscribeVisit www.cioreviewindia.com/magazine/or send email to: subscription@cioreviewindia.comCover price is Rs 150 per issueAshok KumarVirupakshi PattarAlok ChaturvediGroup Art DirectorVP - Sales & MarketingMagendran PerumalCirculation ManagerEditorial TeamCIOReviewIndia No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugheshpalya, Bangalore-560017Mohana KrishnanS SivasankarManaging EditorEmmanuel Christi DasVisualizersAdvertising queriessales@cioreviewindia.comBangaloreTel 080 46441103Sales & MarketingAmrit SinghIndranil ChakrabortyRavi Kalgi Rohit RaghubanshiNagendra KumarPrinted and published by Alok Chaturvedi on Behalf of Bizprint Media Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published at No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Copyright © 2021 Bizprint Media Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.Janifha EvangelineAnitha TSuchita GonsalvesSamrat PradhanRajan SarmaNoidaTel 120 4639300
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